DUST BUSTERS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DUST BUSTERS
Largest movements
- Cash +€97,026
up €97,026 (+36.9%), from €263,132 to €360,158
mainly Net result for the year (+€207,621) and Other debts (+€100,477)
- Tangible fixed assets +€57,482
up €57,482 (+11.1%), from €519,669 to €577,151
of which Furniture and vehicles: +€75,532
- Other debts +€100,477
up €100,477 (+414%), from €24,274 to €124,751
- Reserves +€74,336
up €74,336 (+9.3%), from €801,269 to €875,605
of which Distributable reserves: +€74,952
- Debts after one year -€19,385
down €19,385 (-59.2%), from €32,759 to €13,374
- Gross operating margin +€35,259
up €35,259 (+10.1%), from €347,787 to €383,045
- Depreciation +€25,558
up €25,558 (+54.5%), from €46,925 to €72,483
- Taxes +€4,255
up €4,255 (+4.9%), from €86,478 to €90,734
- Financial charges +€4,074
up €4,074 (+73.8%), from €5,522 to €9,597
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €987,245 | €1,151,637 | +€164,392 | +16.7% |
| Fixed assets | 21/28 | €520,013 | €577,494 | +€57,482 | +11.1% |
| Tangible fixed assets | 22/27 | €519,669 | €577,151 | +€57,482 | +11.1% |
| Land and buildings | 22 | €290,726 | €273,994 | -€16,732 | -5.8% |
| Plant, machinery and equipment | 23 | €133,908 | €132,590 | -€1,318 | -1.0% |
| Furniture and vehicles | 24 | €95,036 | €170,568 | +€75,532 | +79.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €343 | €343 | = | 0.0% |
| Current assets | 29/58 | €467,233 | €574,142 | +€106,910 | +22.9% |
| Amounts receivable within one year | 40/41 | €200,298 | €207,835 | +€7,537 | +3.8% |
| Trade receivables | 40 | €186,775 | €198,080 | +€11,305 | +6.1% |
| Other amounts receivable | 41 | €13,523 | €9,755 | -€3,768 | -27.9% |
| Cash at bank and in hand | 54/58 | €263,132 | €360,158 | +€97,026 | +36.9% |
| Deferred charges and accrued income | 490/1 | €3,802 | €6,149 | +€2,347 | +61.7% |
| Total equity and liabilities | 10/49 | €987,245 | €1,151,637 | +€164,392 | +16.7% |
| Equity | 10/15 | €819,869 | €894,205 | +€74,336 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €801,269 | €875,605 | +€74,336 | +9.3% |
| Tax-exempt reserves | 132 | €9,429 | €8,812 | -€616 | -6.5% |
| Distributable reserves | 133 | €791,841 | €866,793 | +€74,952 | +9.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €2,357 | €2,203 | -€154 | -6.5% |
| Deferred taxes | 168 | €2,357 | €2,203 | -€154 | -6.5% |
| Amounts payable | 17/49 | €165,019 | €255,229 | +€90,210 | +54.7% |
| Amounts payable after more than one year | 17 | €32,759 | €13,374 | -€19,385 | -59.2% |
| Financial debts | 170/4 | €32,759 | €13,374 | -€19,385 | -59.2% |
| Amounts payable within one year | 42/48 | €129,652 | €235,551 | +€105,899 | +81.7% |
| Current portion of amounts payable after more than one year | 42 | €19,966 | €19,385 | -€581 | -2.9% |
| Trade debts | 44 | €32,710 | €34,493 | +€1,783 | +5.4% |
| Suppliers | 440/4 | €32,710 | €34,493 | +€1,783 | +5.4% |
| Taxes, remuneration and social security | 45 | €52,702 | €56,923 | +€4,220 | +8.0% |
| Taxes | 450/3 | €52,702 | €56,923 | +€4,220 | +8.0% |
| Other amounts payable | 47/48 | €24,274 | €124,751 | +€100,477 | +414% |
| Accrued charges and deferred income | 492/3 | €2,607 | €6,303 | +€3,695 | +142% |
| Non-recurring operating income | 76A | €24,429 | €0 | -€24,429 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,925 | €72,483 | +€25,558 | +54.5% |
| Other operating charges | 640/8 | €4,250 | €3,728 | -€522 | -12.3% |
| Gross operating margin | 9900 | €347,787 | €383,045 | +€35,259 | +10.1% |
| Operating profit (loss) | 9901 | €296,611 | €306,834 | +€10,223 | +3.4% |
| Financial income | 75/76B | €133 | €963 | +€830 | +625% |
| Recurring financial income | 75 | €133 | €963 | +€830 | +625% |
| Financial charges | 65/66B | €5,522 | €9,597 | +€4,074 | +73.8% |
| Recurring financial charges | 65 | €5,522 | €9,597 | +€4,074 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | €291,222 | €298,201 | +€6,979 | +2.4% |
| Transfer from deferred taxes | 780 | €79 | €154 | +€75 | +94.9% |
| Transfer to deferred taxes | 680 | €2,000 | €0 | -€2,000 | -100% |
| Income taxes | 67/77 | €86,478 | €90,734 | +€4,255 | +4.9% |
| Profit (loss) for the period | 9904 | €202,823 | €207,621 | +€4,799 | +2.4% |
| Transfer from tax-exempt reserves | 789 | €316 | €616 | +€300 | +94.8% |
| Transfer to tax-exempt reserves | 689 | €8,000 | €0 | -€8,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €195,139 | €208,237 | +€13,099 | +6.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.